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  • Eco-friendly Car Registration in Seoul Rises 20%

  • SMG 5702
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    With the rising awareness of environmental issues and economic efficiency, the number of eco-friendly, low-emission vehicles, such as hybrid cars, registered with the Seoul Metropolitan City Government increased 20 percent in 2013 from the previous year.

    YearTotalHybridCNGElectric
    201331,68420,77810,427479
    201226,41215,93010,277205

     

    <Hybrid vehicles save KRW 1.2 million in fuel cost every 20,000 kilometers>

    On average, hybrid vehicles have 55 percent higher fuel efficiency than conventional gasoline vehicles of the same class. This allows drivers of hybrid cars to save KRW 1.2 million in fuel cost (assuming a gasoline price of KRW 1,800 per liter) every 20,000 kilometers.

    <The purchase of a hybrid car can bring savings of up to KRW 4.7 million on taxes, including special excise tax and acquisition tax>

    Drivers can save up to KRW 4.7 million on taxes, including individual consumption tax and acquisition tax, with the purchase of a hybrid car.

    CategoryTaxFinancial AssistanceEffective Term
    Hybrid carPurchaseIndividual consumption taxMaximum KRW 1 million exemptedUntil Dec 31, 2015
    Education taxMaximum KRW 300,000  exempted
    RegisterAcquisition and registration taxesMaximum KRW 1.4 million  exemptedUntil Dec 31, 2014**
    Purchase Cost of City Railway BondsMaximum KRW 2 million  exempted *

     

    <Exemption from paying tolls at Namsan Tunnels 1 and 3, and 50% discount on parking fees at city-operated public parking lots >

    Classes 1 and 2 low-emission vehicles that are registered with the Seoul Metropolitan Government and display the electronic sticker below are exempt from paying congestion tolls (KRW 2,000) at Namsan Tunnels 1 and 3.

    Electronic Sticker

    1eco_car_20140424
    In addition, vehicles displaying low-emission vehicle stickers will get a 50 percent discount on parking fees at city-operated public parking lots, and up to an 80 percent discount on subway station parking spaces.

    2eco_car_20140424

    ▶ Vehicle Registration
    By Vehicle Type (As of the end of 2012)

    Year20122011201020092008
    Total

    2,969,184

    2,977,599

    2,981,400

    2,954,704

    2,949,211

    Sedan

    2,447,876

    2,443,261

    2,434,230

    2,394,901

    2,375,173

    Van

    162,723

    169,922

    176,999

    185,343

    191,335

    Truck

    353,905

    360,103

    366,306

    370,894

    379,247

    Special purpose vehicle

    4,680

    4,313

    3,865

    3,566

    3,456

    Two-wheeled motor vehicles

    444,693

    410,090

    410,615

    410,209

    408,082

    ※ 15.7% of all registered vehicles (18.871 million) in Korea

    By Fuel Type (As of the end of 2012)

    YearTotalGasolineDieselLPGHybridCNGElectricOther
    20132,973,8771,622,215937,639378,91020,77810,4274793,429
    20122,969,1841,642,726899,652396,99715,93010,2772053,393
    20112,977,5991,661,922874,928417,8459,3289,8441033,626

     

    Statistics on major traffic